Delisting of Panda Re Ltd - Programme and Series 2015-1 Class A Principal At-Risk Variable Rate Notes Due July 9, 2018

Hamilton, Bermuda – July 13, 2018 – The Bermuda Stock Exchange (the “BSX”) announces the redemption and voluntary de-listing of Panda Re Ltd - Series 2015-1 Class A Principal At-Risk Variable Rate Notes Due July 9, 2018.   Panda Re Ltd - Principal At-Risk Variable Rate Note Programme has also been delisted following the redemption of the only note under the programme.

Enquiries Via:

C/o Mrs. Kim Gibson

Clarien BSX Services Limited

 441- 294-2471